Loading ...Dollar and rates are down a little. Rates down 3 bips. Bitcoin up 4% and all the way back to Monday’s level. SM futures mixed but mostly flat. Oil flat.
So, maybe we’ll get to bounce a little today and try to catch up with Bitcoin. Good start this am for sure and picking up some steam. Gold now at $2412 up $28. Silver up $.40 – unfortunately, silver has a long way to go to get back to Monday’s level. Gold, OTOH only has another $30 or so.
PM shares are firm but not anywhere near impressive, so who knows whether we’ll hold the gains, probably depends on whether the SM continues to tumble. Regardless, I’m surprised we’re bouncing at all. No news out there that I can see, and the eco data is nothing special.
What a surprise it would be if the metals turned up from here and ignored the SM. Hope stinks eternal. 🙂